Cargill, Mexico Settle Feud Over $95M NAFTA Fine

Law360, New York (February 21, 2013, 10:25 PM EST) -- Agricultural products conglomerate Cargill Inc. has settled its suit in New York federal court against the Mexican government to compel it to pay a $94.6 million NAFTA fine for the country's import restrictions on U.S.-produced high fructose corn syrup.

U.S. District Judge Jesse M. Furman tossed Cargill’s suit based on the settlement, which Cargill said Thursday that it reached with Mexico on Feb. 5. Cargill did not disclose the terms of the settlement, and Judge Furman’s ruling said only that the parties will bear their own...
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